Spring is in the air and so are Member Rewards!!
Since 2002 we have given over $51 million in cash to Interior Savings members through our Member Rewards program. This program is unique in our industry and we are proud to offer it to our loyal members. This year we are giving back over $3 million of our profits. Member Rewards is scheduled to payout on March 28, 2016.
How you qualify for Member Rewards
Did you know you have the power to increase your Member Rewards eligibility? The more business you conduct with Interior Savings, the higher your potential reward. This year the average qualifying member received $98, just for doing their banking at Interior Savings.
Your eligibility is based on two criteria: your Funds under Administration (FUA), which is the sum of all your deposits, loans, and non-registered mutual funds; and the number of products you have. Here’s a quick explanation of how the program works.
For personal accounts:
- have $2,500 average monthly non-registered FUA and 3 or more unique products, or
- have $100,000 average monthly non-registered FUA and 2 unique products, or
- for members 18-24 only, have $500 average monthly non-registered FUA and 2 unique products
For business accounts:
- have $10,000 average monthly FUA and 3 or more unique products, or
have $100,000 average monthly FUA and 2 unique products
If video is more your style, click here to watch a fun video about how you can make the Member Rewards program work for you.
Registered deposits are rewarded separately from the standard program. The balances are still included, but to address taxation complexities, a portion of the Member Rewards pool was set aside to give a 12.5 basis point reward on registered balances that total over $10,000.